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High Yield Debt: Credit Bubble and Litigation Risks



by Scott J. Greenberg
Jones Day - New York Office

J. Eric Maki
Jones Day - New York Office

Howard F. Sidman
Jones Day - New York Office

Jayant W. Tambe
Jones Day - New York Office

Michael O. Thayer
Jones Day - New York Office

April 29, 2014

Previously published on April 2014

The past few years have seen a surge of high yield debt (“HYD”) issuances. By some accounts, issuers sold more than $400 billion in HYD in 2012 and more than $500 billion in 2013, and the HYD markets are off to a healthy start in 2014. With yields on U.S. Treasuries, money market funds, and other investments depressed as a result of unprecedented monetary policy in the U.S. and EU, demand for HYD products continues to rise, fueled by yield-seeking investors. This increased demand has caused HYD bond prices to rise and yields to fall.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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Author
 
Scott J. Greenberg
J. Eric Maki
Howard F. Sidman
Jayant W. Tambe
Michael O. Thayer
Practice Area
 
Banking Law
Finance
 
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